Despite the significant challenges hampering its attempt last year to launch a longevity bond onto the Chilean market the move to transfer longevity risk onto the capital markets is an "irreversible trend", according to Ivan Zelenko, head of derivatives and structured finance at the World Bank's treasury department.
In 2009 the World Bank, in conjunction with one major bank and global reinsurer, attempted to issue a longevity bond, indexed against the life experience of annuitants in the Latin A
The week on Risk.net, October 6-12, 2017Receive this by email
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